Qualification for Distribution Clause Samples
Qualification for Distribution. At all times until the completion of the Distribution Period or the date on which the Underwriters have exercised their termination rights pursuant to Section 8, the Company will, to the satisfaction of counsel to the Underwriters, acting reasonably, promptly take or cause to be taken all additional steps and proceedings that may be required from time to time under the Applicable Securities Laws of the Qualifying Jurisdictions to continue to so qualify the Offered Shares or, in the event that the Offered Shares have, for any reason, ceased to so qualify, to again so qualify the Offered Shares.
Qualification for Distribution. 2.1 During the distribution of the Offered Securities:
(a) the Company shall prepare, in consultation with the Agent, any marketing materials (including any template version thereof) to be provided to potential investors in the Offered Securities, and approve in writing any such marketing materials (including any template version thereof), as may reasonably be requested by the Agent, such marketing materials to comply with Canadian Securities Laws and to be acceptable in form and substance to the Agent and their counsel, acting reasonably; and
(b) the Agent shall, on behalf of the Agent, approve in writing any such marketing materials, as contemplated by the Canadian Securities Laws, prior to any marketing materials being provided to potential investors of Offered Securities and/or filed with the Securities Commissions; provided, for greater certainty.
2.2 The Company and agent, on a several basis, covenants and agrees that, during the distribution of the Offered Securities, it will not provide any potential investor with any materials or information in relation to the distribution of the Offered Securities or the Company other than the Offering Document, any Supplementary Material in accordance with this Agreement, provided that: (a) any such materials that constitute marketing materials have been approved and filed in accordance with Section 2.1; and (b) any such materials that constitute standard term sheets have been approved in writing by the Company and the Agent and are provided in compliance with Canadian Securities Laws in each case only in the IPO Jurisdictions.
2.3 Until the date on which the distribution of the Offered Securities is completed, the Company will promptly take, or cause to be taken, all additional steps and proceedings that may from time to time be required under Canadian Securities Laws to continue to qualify the distribution of the Offered Securities or, in the event that the Offered Securities or any of them, have, for any reason, ceased to so qualify, to so qualify again such securities, as applicable, for distribution.
Qualification for Distribution. At all times until the completion of the distribution of the Offered Shares or the date on which the Underwriters have exercised their termination rights pursuant to Section 17 of this Agreement, the Corporation will, to the satisfaction of counsel to the Underwriters, acting reasonably, promptly take or cause to be taken all additional steps and proceedings that may be required from time to time under Canadian Securities Laws of the Qualifying Jurisdictions to continue to so qualify the Offered Shares, the Over-Allotment Option, and the Compensation Options or, in the event that the Offered Shares, the Over-Allotment Option, or Compensation Options have, for any reason, ceased to so qualify, to again so qualify such securities;
Qualification for Distribution. For the purposes of this section 1, the Agent shall be entitled to assume that the Offered Securities are qualified for distribution in the Selling Jurisdictions.
